Housing development finance corporation
Stock Under Buy With Price TARGET of 2560 SL 2150 CMP (11/12/2019): 2321.65 ON NSE.Housing Development Finance Corporation Ltd., incorporated in the year 1977, Large cap stock under NBFC FURTHER NOTED THAT THE COMPANY HAVING STRONG FUNDAMENTAL LAST YEAR COMPANY EPS WAS AROUND RS: 97 IN 2019 RS VS 70 RS IN 2018. AS RBI CUT RATE IN THIS FINANCIAL YEAR WE ARE SHOWING THIS AS POSITIVE FOR NBFC SECTOR AND DEMAND FOR LOAN WILL FURTHER GROW MORE , HDFC LTD WITH THEIR STRONG BUSINESS MODEL WILL TAKE ADVANTAGE OF THIS . WITH FACE VALUE OF 2 RS COMPANY HAD GIVEN 875% DIVIDEND LAST YEAR ,Further MOST OF THE MUTUAL FUND HOUSE AND FOREIGN INVESTOR HAD LONG TERM VIEW IN THIS STOCK . HDFC Credila was Incorporated in 2006 and HDFC initially acquired an equity stake in it in December 2009. Recently Company Had a Plan To Acquired Remaining Stake in this Company . Showing Good Strong Volume In This Sector .
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